Recent 4 GW Project Win Is Value Accretive
Azure Power Overview (AZRE: NYSE)
A Leading Pan Indian Solar Power Developer
Azure Power
Portfolio of 7,115 MWs (1) (1,808 MWs Operational, 1,307 MW Contracted, 2,000 MW Committed and 2,000 MW Greenshoe (1,2))
6,948 MWS
Utility-Scale Projects
Founded in 2008, built India's first private utility-scale solar project in 2009
Fully integrated business from development to EPC, financing & management
Operational MW growth of 98% CAGR from March 2009
95% of the total portfolio is investment grade
167MWs
Azure Roof Power
Awan |Punjab |India's First Private MW scale Solar Plant
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Map not to scale
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Gandhinagar | India' First MW Scale Distributed Solar Rooftop
Project
Total capital raised over US$2.5(3) billion since inception
First Indian energy assets to list in NYSE, United States
First Solar Green Bond out of India listed on SGX
CDPQ, large AAA-rated Canadian pension fund, owns 50.9%
Portfolio as on March 31, 2020: 2,000 MWs is a greenshoe option that has been exercised by the company as part of an auction that was won but this capacity has yet to receive a Letter of Award
Under construction and allocated projects
(3) Exchange rate- INR75.39 to US$1 (New York buying rate of March 31, 2020)
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